The option for today is a series of articles about binary options in cooperation with uTrader broker. Every day we present the best PUT or CALL options for a selected financial instrument along with its current technical analysis.
As a result of the bearish trend from the beginning of the week AUDNZD crossed the upward trend line on Tuesday. Since then, we have seen steady growth and the market is still oscillating around this line, re-testing it from below (as a resistance). Looking on the H4 chart, we can notice a strong supply reaction which occurred in the morning and if this zone is rejected, we could expect declines again. In short term, therefore, it is worth considering PUT option on this instrument.
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